Corporation Tax Act 2009
Sections and provisions with full text and the judgments that cite each one.
Section 879C — Restrictions on debits: pre-FA 2019 relevant assets
Restrictions on debits: pre-FA 2019 relevant assets 879C 1 This section applies in respect of a relevant asset of a company if it is a pre-FA 2019 relevant asset. 2 No debits in respect of the asset…
Section 879D — Pre-FA 2019 relevant asset: the first case
Pre-FA 2019 relevant asset: the first case 879D For the purposes of this Chapter a relevant asset of a company is a pre-FA 2019 relevant asset if— a the company acquired or created the asset during…
Section 879E — Pre-FA 2019 relevant asset: the second case
Pre-FA 2019 relevant asset: the second case 879E 1 For the purposes of this Chapter a relevant asset of a company (“C”) is a pre-FA 2019 relevant asset if— a another company acquired or created the…
Section 879F — Pre-FA 2019 relevant asset: the third case
Pre-FA 2019 relevant asset: the third case 879F 1 For the purposes of this Chapter a relevant asset of a company (“C”) is a pre-FA 2019 relevant asset if— a the relevant asset was created on or after…
Section 879G — The preserved status condition etc
The preserved status condition etc 879G 1 For the purposes of section 879F the other asset meets the preserved status condition if subsection (2) or (3) applies. 2 This subsection applies if the…
Section 879H — Pre-FA 2019 relevant asset: the fourth case
Pre-FA 2019 relevant asset: the fourth case 879H 1 For the purposes of this Chapter a relevant asset of a company is a pre-FA 2019 relevant asset if— a the company acquired the asset on or after 1…
Section 879I — Restrictions on debits: no business or no qualifying IP assets acquired
Restrictions on debits: no business or no qualifying IP assets acquired 879I 1 This section applies in respect of a relevant asset of a company if the company acquires the asset on or after 1 April…
Section 879J — Meaning of qualifying IP asset
Meaning of qualifying IP asset 879J 1 In section 879I “ qualifying IP asset ”, in relation to a company, means an intangible fixed asset that meets the following two conditions. 2 The first condition…
Section 879K — Restrictions on debits: acquisition from individual or firm
Restrictions on debits: acquisition from individual or firm 879K 1 This section applies in respect of a relevant asset of a company if— a the company acquires the asset on or after 1 April 2019…
Section 879L — Meaning of relevant business and third party acquisition
Meaning of relevant business and third party acquisition 879L 1 This section applies for the purposes of section 879K(3). 2 “ Relevant business ” means— a in a case where the relevant asset is within…
Section 879M — When the partial restrictions apply: qualifying IP assets
When the partial restrictions apply: qualifying IP assets 879M 1 Section 879O (the partial restrictions on debits) applies in respect of a relevant asset (“the asset concerned”) of a company if— a…
Section 879N — When the partial restrictions apply: acquisition from individual or firm
When the partial restrictions apply: acquisition from individual or firm 879N 1 Section 879O (the partial restrictions on debits) also applies in respect of a relevant asset of a company if— a the…
Section 879O — The partial restrictions on debits
The partial restrictions on debits 879O 1 Where this section applies in respect of a relevant asset of a company, the following restrictions have effect. 2 If a debit in respect of the relevant asset…
Section 879P — Date of acquisition of relevant asset
Date of acquisition of relevant asset 879P 1 A company that acquires a relevant asset in pursuance of an unconditional obligation under a contract is to be treated for the purposes of this Chapter as…
Section 880 — Overview of Chapter
Overview of Chapter 880 This Chapter— a sets out a general rule limiting the application of this Part to certain assets (see section 882(1): application of this Part to assets created or acquired on…
Section 881 — Meaning of “pre-FA 2002 assets”
Meaning of “pre-FA 2002 assets” 881 Intangible fixed assets which are excluded from the application of this Part by the general rule mentioned in section 880(a) (subject to any express provision to…
Section 882 — Application of this Part to assets created or acquired on or after 1 April 2002
Application of this Part to assets created or acquired on or after 1 April 2002 882 1 The general rule is that this Part applies to an intangible fixed asset of a company (“ the company ”) only if…
Section 883 — Assets treated as created or acquired when expenditure incurred
Assets treated as created or acquired when expenditure incurred 883 1 This section— a applies for the purposes of section 882 (application of this Part to assets created or acquired on or after 1…
Section 884 — ... Goodwill: time of creation
... Goodwill: time of creation 884 For the purposes of section 882 (application of this Part to assets created or acquired on or after 1 April 2002) ... goodwill is treated as created — a before (and…
Section 885 — Assets representing non-qualifying expenditure : time of creation
Assets representing non-qualifying expenditure : time of creation 885 1 This section— a applies for the purposes of section 882 (application of this Part to assets created or acquired on or after 1…
Section 886 — Assets representing production expenditure on films: time of creation
Assets representing production expenditure on films: time of creation 886 1 In determining for the purposes of this Part whether an asset representing production expenditure on a film was created…
Section 887 — General rule
General rule 887 1 For the purposes of section 883 (assets treated as created or acquired when expenditure incurred) the general rule is that expenditure on the acquisition of an asset is treated as…
Section 888 — Cases where chargeable gains rule applies
Cases where chargeable gains rule applies 888 1 This section applies if— a expenditure on the acquisition of an asset does not qualify for any form of tax relief against income under the law as it…
Section 889 — Cases where capital allowances general rule applies
Cases where capital allowances general rule applies 889 1 This section applies if under the law as it was before 1 April 2002 expenditure on the creation or acquisition of an asset is qualifying…
Section 890 — Fungible assets: application of section 858
Fungible assets: application of section 858 890 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 891 — Realisation and acquisition of fungible assets
Realisation and acquisition of fungible assets 891 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 892 — Certain assets acquired on transfer of business or transfer within a group
Certain assets acquired on transfer of business or transfer within a group 892 1 This section applies if— a a company (“ the transferor ”) transfers to another company (“ the transferee ”) an asset…
Section 893 — Assets whose value derives from pre-FA 2002 assets
Assets whose value derives from pre-FA 2002 assets 893 1 This section applies if— a during the period beginning with 1 April 2002 and ending with 30 June 2020 a company (“ the acquiring company ”)…
Section 894 — The preserved status conditions etc
The preserved status conditions etc 894 1 For the purposes of section 893(1) the other asset meets the preserved status conditions if subsections (2) and (3) apply. 2 This subsection applies if on or…
Section 895 — Assets acquired in connection with disposals of pre-FA 2002 assets
Assets acquired in connection with disposals of pre-FA 2002 assets 895 1 This section applies if— a a person disposes of an asset which is a pre-FA 2002 asset in the person's hands at the time of the…
Section 896 — Application to royalties
Application to royalties 896 1 This Part— a applies to royalties recognised for accounting purposes on or after 1 April 2002, and b does not apply to royalties recognised for accounting purposes…
Section 897 — Application to pre-FA 2002 assets consisting of telecommunication rights
Application to pre-FA 2002 assets consisting of telecommunication rights 897 1 This Part applies to a pre-FA 2002 asset consisting of a licence or other right within Chapter 10 of Part 2 of ITTOIA…
Section 898 — Relief where assets disposed of on or after 1 April 2002
Relief where assets disposed of on or after 1 April 2002 898 1 This section applies if a company disposes of a pre-FA 2002 asset on or after 1 April 2002. 2 Chapter 7 (roll-over relief in case of…
Section 899 — Relief where degrouping charge on asset arises on or after 1 April 2002
Relief where degrouping charge on asset arises on or after 1 April 2002 899 1 This section applies if— a a company is treated under section 179(3) or (6) of TCGA 1992 (degrouping charge) as having…
Section 900 — Meaning of “chargeable asset within TCGA” in sections 898 and 899
Meaning of “chargeable asset within TCGA” in sections 898 and 899 900 1 For the purposes of sections 898 and 899 an asset is a chargeable asset within TCGA 1992 in relation to a company at any time…
Section 900A — Introduction
Introduction 900A 1 This Chapter contains special rules affecting the debits to be brought into account by a company for tax purposes in respect of an intangible fixed asset that is a restricted…
Section 900B — When an intangible fixed asset is a restricted asset: the first case
When an intangible fixed asset is a restricted asset: the first case 900B 1 An intangible fixed asset of a company is a restricted asset if— a the company acquired the asset on or after 1 July 2020,…
Section 900C — When an intangible fixed asset is a restricted asset: the second case
When an intangible fixed asset is a restricted asset: the second case 900C 1 An intangible fixed asset of a company (“the asset concerned”) is a restricted asset if— a the company acquired the asset…
Section 900D — When an intangible fixed asset is a restricted asset: the third case
When an intangible fixed asset is a restricted asset: the third case 900D 1 An intangible fixed asset of a company (“the asset concerned”) is a restricted asset if— a the company acquired the asset…
Section 900E — Special rule: section 900B case
Special rule: section 900B case 900E 1 This section applies in respect of a restricted asset of a company if it is a restricted asset by reason of section 900B. 2 If the company was the first company…
Section 900F — Special rule: section 900C or 900D case
Special rule: section 900C or 900D case 900F 1 This section applies in respect of a restricted asset of a company if it is a restricted asset by reason of section 900C or 900D. 2 The relevant…
Section 900G — Meaning of “relieving acquisition”
Meaning of “relieving acquisition” 900G For the purposes of this Chapter, an asset is the subject of a relieving acquisition if it is acquired by a company from a person who at the time of the…
Section 900H — Supplementary provision about when two persons are related
Supplementary provision about when two persons are related 900H 1 References in this Chapter to one person being a related party in relation to another person are to be read as including references…
Section 900I — Acquisition of asset in pursuance of an unconditional obligation
Acquisition of asset in pursuance of an unconditional obligation 900I 1 A company that acquires an intangible fixed asset in pursuance of an unconditional obligation under a contract is to be treated…
Section 900J — Fungible assets: general
Fungible assets: general 900J 1 For the purposes of this Part— a fungible assets of the same kind that are held by the same person in the same capacity are treated as indistinguishable parts of a…
Section 900K — Fungible assets: pre-FA 2002 assets and restricted assets
Fungible assets: pre-FA 2002 assets and restricted assets 900K 1 For the purposes of section 900J— a pre-FA 2002 assets, b restricted assets, and c standard intangible fixed assets, are to be…
Section 900L — Realisation of fungible assets: pre-FA 2002 assets and restricted assets
Realisation of fungible assets: pre-FA 2002 assets and restricted assets 900L 1 This section applies if— a a company realises a fungible asset, and b apart from subsection (1) of section 900K, the…
Section 900M — Acquisition of fungible assets: pre-FA 2002 assets and restricted assets
Acquisition of fungible assets: pre-FA 2002 assets and restricted assets 900M 1 Fungible assets acquired by a company that would not otherwise be treated as pre-FA 2002 assets are so treated so far…
Section 900N — Debits in respect of a single asset comprising restricted assets
Debits in respect of a single asset comprising restricted assets 900N 1 This section applies in respect of a single asset of a company that comprises restricted assets (and is itself treated as a…
Section 900O — Interpretation
Interpretation 900O In this Chapter— “ restricted asset ” has the same meaning as in Chapter 16A, and “ standard intangible fixed asset ” means an intangible fixed asset that is neither a pre-FA 2002…